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Starting an LLC in Wyoming. ... Decide on a name for your business. ... Assign a registered agent for service of process. ... Get an Employer Identification Number (EIN) from the IRS. ... Create an operating agreement. ... Pay the license tax. ... Familiarize yourself with the LLC's continuing legal obligations, specifically annual reports.
Getting a virtual address in Wyoming can provide numerous benefits for businesses, especially those that operate remotely or do not have a physical location in the state.
Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
Residency in the state, or the USA, is not required to form a company. A majority of LLCs are formed by non-residents. Forming an LLC in Wyoming as a non-resident is the same process as for a resident. Filing Articles, appointing an agent and paying the online fee.
(The registered agent may be an individual resident in Wyoming or a domestic or foreign business entity authorized to transact business in Wyoming. The registered agent must have a physical address in Wyoming. If the registered office includes a suite number, it must be included in the registered office address.
Fortunately, the state of Wyoming doesn't require LLC filings to include member information, so adding a member to a Wyoming LLC only requires updating your LLC operating agreement. Since this is an internal document, you probably won't have to file anything with the state to add a new member to your LLC.
The Wyoming Secretary of State charges a $100 fee to file the Articles of Organization by mail and $102 to file online. You can reserve your business name by filing an LLC name reservation for $50. Wyoming LLCs are also required to file an annual report license tax, which is a minimum of $50.
(The registered agent may be an individual resident in Wyoming or a domestic or foreign business entity authorized to transact business in Wyoming. The registered agent must have a physical address in Wyoming. If the registered office includes a suite number, it must be included in the registered office address.